Home >  Term: annual financial statements
annual financial statements

Part of a company's annual report consisting of the balance sheet, the profit and loss account and the notes. Banks with total assets of CHF 100 million or more which transact a significant amount of balance sheet business are also required to produce a cash flow statement. Annual financial statements are intended to enable as reliable an assessment as possible of the company's asset and earnings situation.

0 0

Creator

  • Stefan K
  •  (Gold) 3207 points
  • 100% positive feedback
© 2024 CSOFT International, Ltd.